DNR has been on our watch-list for some time due to unusual price and volume activity. More recently activity in the options market coupled along insider buying by the President and CEO purchasing $300,000 of shares at a average price of $2 as very positive. We see the company as extremely under valued currently trading at a very low P/E 2.3. and hopefully stabilization in the oil market will help boost the stock. We expect a strong move on earnings with $2.50-$2.60 as strong resistance.
Company Description
Denbury Resources, Inc. is an independent oil and natural gas company. Its activities include exploitation, drilling, and extraction. It operates in the Gulf Coast and Rocky Mountain regions.
Company Description
Denbury Resources, Inc. is an independent oil and natural gas company. Its activities include exploitation, drilling, and extraction. It operates in the Gulf Coast and Rocky Mountain regions.